Ed M in Las Vegas

The InsurTech Sector is growing and maturing at a rapid pace

Every explorer knows that you need to get off the beaten track - or in this case, off The Strip - to truly experience a place. Ed McGough, Joyn’s CTO, explored Red Rock Canyon on a moped ahead of the conference start. Read on for Ed’s report on attending ITC 2021 in Las Vegas.

Ed McGough gives a report on InsureTech Connect 2021: one of the big takeaways at this year’s event was how much growth has taken place in the insurtech industry

InsureTech Connect (ITC), is billed as “the world’s largest insurtech event—offering unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents.” With roughly 6,000 people in attendance at ITC’s event in Las Vegas this year, they certainly delivered.

Unlike other industry events where Joyn networks and speaks with its audience of potential brokers to demonstrate the value we offer, ITC was an opportunity to see what others in the insurtech sector are doing: what’s new, how are insurance companies looking to use technology in new ways, and what are the big buzzwords of the moment. This was equally valuable as Joyn continues its growth in the insurtech sector.

As an ITC attendee, there was a real buzz and energy throughout the event’s three days. Part of that energy is certainly a result of so many exciting things going on in the industry, and it was amplified by the excitement of convening in person after a long period of isolation due to COVID-19 protocols. Whether in the exhibition hall, viewing the speakers on stage, or at any of the various receptions, the energy was truly exhilarating.

Having been to three ITC conferences in the past four years (only missing 2020 due to the pandemic), one of the big takeaways at this year’s event was how much growth has taken place in the insurtech industry. In the first year that I attended, quite a few companies in the exhibition hall had small booths with only a few people staffing them; today, many of those companies have grown and matured, securing prime real estate on the exhibition floor and keynote speaking slots on the stage. Their growth demonstrates that there is a need and desire in the insurance industry to modernize and use new tools.

The insurance industry has long been ripe for technological innovation, and insurtech companies like Joyn are meeting that need. Joyn’s core value proposition is to seamlessly integrate insurance and technology expertise to create a better way of providing insurance and a far better experience for clients and customers. Because of the technology ecosystem Joyn has built, Joyn’s customers and clients enjoy a faster, more accurate, and more transparent user experience that saves time, costs, and frustration.

We were excited to discuss this value proposition with others attending ITC, and to hear about the advances that they are making with their companies. Our goal is to transform the commercial insurance marketplace by merging experience with technology to solve the most persistent pain points that brokers today face. And while we have been ahead of the curve when compared to our competitors, events like ITC will help us to stay there and continue to provide a best-in-class, technology powered experience.

To learn more about Joyn’s technology and how we can benefit brokers and their customers, email us at: [email protected]

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